Economy, Business And Markets

TEDPIX Fails to Extend Record Gains

TEDPIX Fails to Extend Record GainsTEDPIX Fails to Extend Record Gains

After Tehran Stock Exchange’s main index recorded a new high on Saturday, the TEDPIX retreated 80.7 points or 0.12 percent to end at 65,780.1 on Sunday.

According to TSE data, the price index edged down 43.5 points or 0.16 percent to 27,150. The first market index lost 45.5 points or 0.1 percent to 47,486.1. The second market index tumbled 245.8 points or 0.18 percent to close at 135,574.2. The industry index slipped 83.1 points or 0.15 percent to settle at 53,551.6. The TSE 30 index ticked down 3.7 points or 0.12 percent to 3,016.4, and the TSE 50 index was down 5.3 points or 0.2 percent to close at 2,705.9.

More than 756 million shares changed hands valued at $43.4 million to post about 45 and 30 percent decline compared to the prior trading day.

Close to 42 percent of the listed companies wrapped up in green, with Telecommunications Company of Iran leaving the highest positive impact on the benchmark. Islamic Republic of Iran Shipping Lines and Shazand Petrochemical Company with 20 and 16 points respectively came next.

Esfahan Oil Refining Company, with PE ratio of 6 and 30.56 points in negative contribution was the biggest market laggard followed by Persian Gulf Petrochemical Industry Company and Mellat Bank with 30.18 and 23.89 points respectively.